har-tru, remember when we were talking about whether the club med countries would at some point come up with a concerted, anti-austerity effort? i guess once holland takes over france, they probably won't need consultations anymore. the mere fact that paris will go up against berlin on all things austerité ought to be enough for athens or lisboa to communicate some form of "alright! right on! there you go!" via the press. and that's when merkel tumbles. berlin cannot afford to piss off the south any longer.
sooner or later, this whole charade will turn into a lose-lose-situation for every single fucking european citizen, including the non-eu-periphery like switzerland. just imagine the euro sinking - it would virtually ruin the swiss overnight due to their central bank's vast exposure to the fx markets.
*edit: @ jimmy
given that i might have to emigrate, australia and new zealand are at the top of my list as of now. might i add to your points the aussies' perfect location for the upcoming asian century.